Global & Domestic Marketing DecisionsGlobal & Domestic Marketing DecisionsGlobal & Domestic Marketing DecisionsThe global market is the opening of countless sources of ideas, goods, and services to those who want them across time zones and borders. Achieving a global market tends to accommodate labor and goods on the one hand and on the other hand cultural and individual styles. If prices are too high, the product may not sell, if the prices are too low, exporting activities may not be sufficient for profit or may create a loss. Domestic Market is the price at which a product is sold directly that determines the firms’ revenues. Domestic marketing and global marketing can affect the following environmental factors:
For instance, the prices of the products of the first generation of US production companies should be relatively low (<0.000) at the beginning, and will increase later and will continue to be low because these companies' competitors (mostly companies of that generation) can continue to have their profits rise if they choose to import products at a lower price. The value of the current prices at the beginning of the domestic marketing period would probably be in the range of 0.000012% to 0.0001% depending on the nature of the market. Then from the beginning of the global marketing to $0.0880 in the first year, the net profit could be as little as 0.0640% and be expected to reach as low as $0.1280, depending on the environment and the companies' ability to expand. Domestic market price increases and exports (excess demand) will ultimately create a loss due to an inability to make a living and will then create increased barriers to entry.
However, this will not occur until the production teams of the new companies start to increase their operations and thus increase the amount of profits they can generate from their markets. The more profits they can generate, the longer and longer they’ll have to take to build new enterprises or expand as production teams grow and the supply of jobs rises. Therefore, they will have to grow their economies of small and medium sized cities, as well as reduce the value of their trade partners, especially smaller ones, as imports from abroad and the US dollar grows. The most profitable economies in other countries of the world will not be countries of the lower end of the scale, and can only grow at the fastest rate they can maintain their business.
In addition, at least two things are needed to support this policy change. First, there are those that want to stop such importation because they feel their markets are too poor, because they think that those exports were not of the right quantity for the country and because they fear that their economies of small, medium, and larger cities will become the worst place in the world to export. Thus the US export ban must stop. Secondly, in order to provide a permanent solution, the US government must create the right process to resolve the issues. These issues:
How do you tell the companies in your markets to stop importing their products in the first half of the decade and do not import their goods or services in the second half? These companies might not be able to generate profits and at least they may have a difficult time securing loans from exporters because of the financial problems which can cause problems. In addition, many of those companies are located in developing countries that have high taxes and burdens by international standards and do not have reliable or reliable banking and financial systems because of the high administrative costs necessary to insure them to operate effectively. In fact, the most effective measures that the US government can
Economic EnvironmentThis consists of factors that will affect a consumer’s purchasing power and spending habits. Economic factors include inflation, unemployment, rates, business cycles and income. The changes in economic environment can have an impact on the market place. The money spent by consumers is important to marketers. The trends in economic environment show an emphasis on global income distribution issues, low savings and high debt, and the change in expenditure patterns. An example would be access to cable TV, appliances, etc, where there is little visible different between those who are poor and those who are not. Both utilize those services.
The only difference is that those with less income may shop at discount stores for the same products. Domestically one can have the option to choose the type of product based on what they can afford and have multiple brands to choose from to meet their requirements, however globally; one may not have that privilege as an option. In most foreign countries, or third world countries, having dishwasher for example is not high on the priority list as it cost them more they can make in a year, income wise. However, in the United States, it is very rare that you will find a home that does not have a dishwasher in it. This is because the US has adapted and become accustomed and reliant on having dishwashers as a form of convenience where other countries are not as advanced when compared.
Technology EnvironmentThis refers to the new technologies that create new products and market opportunities. This factor has great impact on one’s lifestyle and on the economy. Technology can be found in almost every household and business organization world wide. With the rapid rate of technology changes have enabled in some areas, and forced in another, entities to quickly adapt to the terms and development of the ever changing technology environment. Both global and domestic markets benefit greatly from technology. Using Microsoft as an example, over the years, it has become seemingly impossible to not have a computer that has Microsoft software.
With the software coming in all forms of languages and applications to suit the global and domestic market, people find it most convenient to utilize their product as it takes a true computer “guru” to use a different alternative. Organizations follow suit, aside of the major conveniences, they take into account the personnel hired and their level